Carly Fiorina: McCain’s Middle Class Tax Cut is ‘Drill, Drill, Drill’

During an appearance on CNBC yesterday, Carly Fiorina, an economic adviser for Sen. John McCain (R-AZ), was pressed by Larry Kudlow to explain what McCain’s proposed tax policies will do for the middle class. Kudlow said that he believes the McCain campaign will be “in a squeeze for the lack of a comprehensive middle class tax cut.”

Fiorina responded that “what we need to do for middle Americans” is “drill, drill, drill” for oil, while adding vaguely that “we need to make sure the economy is growing again.” Watch it:

Furthermore, Fiorina’s claim that drilling for more oil will help the middle class is simply ridiculous. The Energy Information Administration has said that drilling for oil in the Outer Continental Shelf “would not have a significant impact” on oil prices before 2030. The McCain campaign has already conceded as much, as economic adviser Douglas Holtz-Eakin has said drilling won’t affect current oil supply or prices.